Wealthsource Partners LLC trimmed its position in Alibaba Group Holding Ltd (NYSE:BABA) by 50.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,831 shares of the specialty retailer’s stock after selling 1,894 shares during the quarter. Wealthsource Partners LLC’s holdings in Alibaba Group were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Alibaba Group by 42.5% in the second quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after purchasing an additional 7,544,165 shares during the period. Third Point LLC bought a new position in Alibaba Group in the second quarter worth approximately $634,050,000. Hillhouse Capital Management Ltd. raised its stake in Alibaba Group by 38,449.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 3,570,449 shares of the specialty retailer’s stock worth $503,076,000 after buying an additional 3,561,187 shares in the last quarter. Boussard & Gavaudan Investment Management LLP raised its stake in Alibaba Group by 37.1% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 11,598,897 shares of the specialty retailer’s stock worth $1,986,697,000 after buying an additional 3,141,790 shares in the last quarter. Finally, Egerton Capital UK LLP acquired a new position in shares of Alibaba Group during the third quarter worth $507,041,000. 37.94% of the stock is currently owned by institutional investors.
Shares of Alibaba Group Holding Ltd (NYSE BABA) traded up $0.13 during trading on Friday, hitting $172.43. 9,697,002 shares of the stock were exchanged, compared to its average volume of 20,326,884. Alibaba Group Holding Ltd has a twelve month low of $87.16 and a twelve month high of $191.75. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $441,286.84, a price-to-earnings ratio of 49.98, a price-to-earnings-growth ratio of 1.30 and a beta of 2.52.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://weekherald.com/2017/12/30/alibaba-group-holding-limited-baba-holdings-lessened-by-wealthsource-partners-llc.html.
Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.